OneMarketData, LLC has had its newly launched OneTickCloud service integrated by KOR Group, LLC, a SaaS (Software as a Service) analytics and trading compliance firm, according to a OneMarketData statement.
OneMarketData (OMD) is the architect of OneTick, a comprehensive solution for event stream processing and tick data management. The decision by Kor Group to utilize OMD’s OneTickCloud service as its tick data management and analytics platform represents a bid by the firm to rely on a more on-demand access to data than its present means.
In particular, OneTick affords users a number of inherent advantages via a singular code-set for both historical analysis and real-time signal generation. Additionally, users can help mitigate the total cost of ownership with its OneTickCloud, allowing an on-demand subscription to over 200 sovereign markets.
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According to Christopher Nagy, Co-founder and CEO of KOR Trading, in a recent statement on the deployment, “The OneTickCloud platform provides us with easy access to a vast quantity of market data. When combined with OneTick’s powerful analytics engine and the affordable annual subscription plan, it became clear that OMD was the solution for us.”
“With an ever-expanding set of market data that needs to be collected and managed, OneTickCloud is the natural evolution of our industry-leading flagship product, OneTick, which for a decade now has provided quantitative investors with powerful data management and analytics tools,” noted Richard Chmiel, Senior Vice President at OneMarketData in an accompanying statement.
“With our extensive tick by tick and end-of-day pricing history, plus our general commitment to data quality, we feel this is a package ideally suited for today’s quants, traders, researchers, and compliance professionals,” Mr. Chmiel added.